Driving along the Bandra-Worli Sea Link off the west coast of Mumbai this week, our Tata SUV is overtaken by a new, orange Porsche – one of the 780 vehicles the German carmaker has sold in India over the past year.
It may seem outlandish for the subcontinent, where the average income is just $US2500 ($3725) – less than a quarter of China’s. But India has an economy of growing affluence.
James EyersSenior ReporterJames Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
